Avoid credit card catastrophes – Smart ways a student can avoid incurring debt

Woman smiling and holding a credit card. Photo courtesy of Shutterstock.

Nowadays the students arrive in the colleges with shiny new credit cards and spiffy new backpacks, with a determination to enjoy their college life. They leave college with thousands of dollars piled on their high interest credit cards. Students are of the opinion that they should live on their own so that they can lead their own extravagant life and they also feel that once they leave college and grab a job, they can easily repay their debt amount. But are they really aware of the sluggish improvement of the job market? Did they ever anticipate what would have happened to them if they aren’t able to manage a job in this tough labor market? Well, if they had thought, they wouldn’t have taken all the wrong financial moves at the same time. As the students know that there are credit card consolidation firms that can assist them in getting out of debt, they adopt a lackadaisical attitude towards their personal finances. Continue Reading